Intel puts up a fight against $1.45 billion EU fine
As you guys know Intel Intel accused Europe's top antitrust regular of failing to meet the required standard of proof when it fined the chipmaker $1.45 billion in May for anticompetive practices against AMD.
The company said it would appeal, Intel seeks to annul in whole or in part the European Commission's decision, annul or reduce substantially the level of the fine imposed, and order the Commission to pay Intel's legal costs.
Intel noted that it would appeal, and the company recently laid out its case against the European Commission, the administrative wing of the European Union. In a nutshell, Intel argues that the EC:
- Failed to address evidence that AMD was increasing market share during the period in question;
- Failed to establish a causal link between Intel's discounts and customer decisions not to use AMD;
- Failed to analyze how those discounts impacted consumers at all;
- And failed to stick to legal procedures as it decided to fine Intel.